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Volvo Group profit slumped 29% year over year in the first quarter of 2025 as uncertainty around tariffs and the impact on global trade hurt truck demand in North America and Europe.

Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profit.

President Donald Trump’s tariffs on Chinese imports threaten to disrupt Southern California’s trade and logistics economy, a sector that moves a third of the nation’s container cargo.

But in a private speech in Washington for JPMorgan Chase, Treasury Secretary Scott Bessent also cautioned that talks between the United States and China had yet to formally start.

The dominant North American oil field services provider told investors April 22 on a conference call that tariffs will have an impact of 2 to 3 cents per share during the second quarter.

The national average diesel price fell 4.5 cents a gallon to $3.534, according to U.S. Energy Information Administration data released April 22.

President Donald Trump's commitment to reduced federal regulations is expected to lead to a shift in how transportation policy is handled, experts detailed during a discussion April 21.

The outlooks for the U.S. and global economies have worsened in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said.

Rather than pulling back in the face of U.S. tariff threats, major logistics and shipping players like DHL, Echo Global and CPKC are doubling down on Mexico.